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Has Globalization Gone Far Enough?: The Costs Of Fragmented Markets - , Robert Z Lawrence

Scott C. Bradford and Robert Z. Lawrence use the underlying data from purchasing power parity surveys to estimate the potential benefits from fully integrating goods markets among major OECD countries. These data are particularly useful because th......

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After The Washington Consensus: Restarting Growth And Reform In Latin America

This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It agai......

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Benefits Of Price Convergence: Speculative Calculations - , Tony Warren

Price divergence is readily apparent to anyone who shops. Travelers from Manchester to London, or from Chicago to Paris, are hit by sticker shock. Products ranging from London Fog raincoats to Viagra are available over the Internet at half their r......

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Reintegrating India With The World Economy - , Suresh D Tendulkar

After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a......

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Delivering On Debt Relief: From Imf Gold To A New Aid Architecture - Nancy Birdsall

This study brings readers up to date on the complicated and controversial subject of debt relief for the poorest countries of the world. What has actually been achieved? Has debt relief provided truly additional resources to fight poverty? How wil......

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Discovering Prices: Auction Design In Markets With Complex Constraints - Paul Milgrom

Traditional economics focuses on hypothetical markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith's famous concept of the invisible hand, which guides markets and r......

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If You're In A Dogfight, Become A Cat!: Strategies For Long-term Growth - Leonard Sherman

When Yellow Tail wines launched in 2001, they battled 6,500 other wineries for a share of the American market. By 2007, Yellow Tail sales in the United States exceeded the sales of all French wineries combined. How did this new business enter such......

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Endangered Economies: How The Neglect Of Nature Threatens Our Prosperity - Geoffrey Heal

In the decades since Geoffrey Heal began his field-defining work in environmental economics, one central question has animated his research: “Can we save our environment and grow our economy?” This issue has become only more urgent in r......

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International Monetary Cooperation: Lessons From The Plaza Accord After Thirty Years

In September 1985, emissaries of the world's five leading industrial nations—the United States, Britain, France, Germany, and Japan—secretly gathered at the Plaza Hotel in New York City and unveiled an unprecedented effort to correct the......

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How Latin America Weathered The Global Financial Crisis - José|| De Gregorio

Why has the economy of Latin America responded more positively than Asia, Europe or the United States after being hit by the recent global financial crisis? Three years after the worst of the crisis, Latin America's GDP is 25 percent higher than i......

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Carbon Abatement Costs And Climate Change Finance - William R Cline

This study provides alternative estimates of the costs of greenhouse gas abatement through 2050 that would be necessary to limit CO2 atmospheric concentrations to approximately 450 parts per million and limiting warming to 2°C. Specific estim......

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China's Strategy To Secure Natural Resources: Risks, Dangers, And Opportunities - Theodore Moran

The rapid emergence of China as a major industrial power poses a complex challenge for global resource markets. Backed by the Chinese government, Chinese companies have been acquiring equity stakes in natural resource companies, extending loans to......

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Bailouts Or Bail-ins?: Responding To Financial Crises In Emerging Economies - , Brad Setser

Roughly once a year, the managing director of the International Monetary Fund, the US treasury secretary and in some cases the finance ministers of other G-7 countries will get a call from the finance minister of a large emerging market economy. T......

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